Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Sees Large Increase in Short Interest

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 83,481 shares, an increase of 203.9% from the November 30th total of 27,474 shares. Based on an average daily trading volume, of 77,495 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 77,495 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

A number of institutional investors have recently made changes to their positions in FLRT. Sunbelt Securities Inc. acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 3rd quarter valued at about $141,000. Ameriflex Group Inc. grew its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 171.5% during the third quarter. Ameriflex Group Inc. now owns 21,192 shares of the company’s stock worth $1,004,000 after acquiring an additional 13,386 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 7.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 91,566 shares of the company’s stock valued at $4,339,000 after acquiring an additional 6,492 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the third quarter valued at about $870,000. Finally, AdvisorNet Financial Inc raised its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 39.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock valued at $4,655,000 after purchasing an additional 27,541 shares during the last quarter.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

NYSEARCA:FLRT traded down $0.02 during midday trading on Friday, reaching $47.15. 58,154 shares of the stock traded hands, compared to its average volume of 105,987. The stock has a market capitalization of $568.10 million, a PE ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 12-month low of $45.06 and a 12-month high of $47.80. The business has a 50-day moving average of $47.29 and a two-hundred day moving average of $47.40.

Pacer Pacific Asset Floating Rate High Income ETF Company Profile

The Pacer Pacific Asset Floating Rate High Income ETF (FLRT) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund targeting floating-rate debt from non-investment-grade issuers. FLRT was launched on Feb 19, 2015 and is managed by Pacer.